Solana Weekly Charts Split: $1,000 Megaphone Projection vs. Daily Breakdown
Solana (SOL) technicals show conflicting signals. An X (Twitter) analyst mapped a broadening “megaphone” pattern on the weekly SOL/USDT chart that projects a bullish path extending into 2027 and includes a target above $1,000 following a rebound from the lower trendline. The megaphone pattern highlights prior rallies to the upper boundary and repeated holds at the lower boundary. Conversely, a separate TradingView chart shared on X shows SOL completing a weekly close below a long-held range floor, confirming a breakdown from the prior sideways structure into a downtrend with lower highs and lower lows. That daily/weekly-close view notes price falling below short- and medium-term moving averages, sustained red candles into the weekly close, and the former range floor turning into overhead resistance. Traders are advised to watch for resistance retests and potential short-covering rallies, but the breakdown suggests sellers retain near-term control until structure is reclaimed. Primary keywords: Solana, SOL, weekly chart, megaphone pattern, breakdown. Secondary/semantic keywords: range support, resistance test, moving averages, TradingView, X (Twitter).
Bearish
The net technical signal is bearish. Although the weekly megaphone projection offers a long-term bullish scenario, it depends on a sustained rebound from the lower broadening boundary and a multi-year advance — a low-probability outcome in the short term. The more immediate and actionable chart shows a confirmed weekly close below a long-standing range floor, a classic signal that support has flipped to resistance. Price action below short- and medium-term moving averages, successive red weekly candles, and visible rejection from an overhead supply zone imply sellers control near-term direction. Historically, assets that close decisively below range support often undergo additional downside or at minimum retest the breakdown level as resistance before any trend reversal (examples: many altcoins during 2018–2019 and the 2022 crypto bear phases). For traders: expect higher probability of short-term downside or range-bound weakness until SOL reclaims the former range and moves back above key moving averages. Tactical approaches include: maintaining or initiating short-biased positions with stops above the new resistance, using pullbacks for short-covering opportunities, or waiting for confirmation (higher highs and reclaimed averages) before adding long exposure. The megaphone projection can inform a longer-term bull case, but it should not override the current breakdown-confirmed structure for near-term trade decisions.